701 Ashley Dr Crestview, FL 32536-9231
Individually Owned
23-yr Hold
~
Est. High Equity
Estimated value (blended)
$940k
Range $846k – $1.03M (±10%)
Property ID
US18-3558260
Property summary
AI-generated overview
This exceptional industrial property, located at 701 Ashley Drive Unit 707 in Crestview, Florida, presents a rare opportunity for businesses seeking a strategically advantageous location and substantial space. Boasting a generous 30,156 square feet, this property sits on a 2.9-acre lot and offers an incredibly convenient location south of Interstate 10, providing easy access to State Highway 85. This prime location ensures seamless connectivity to Eglin Air Force Base, downtown Crestview, and effortless egress to I-10, maximizing logistical efficiency and minimizing commute times. The property itself features a well-designed layout, including two offices, a dedicated reception area, and a shared bathroom, catering to both administrative and operational needs. The substantial warehouse space is a key highlight, featuring the added benefit of drive-in capability, streamlining loading and unloading processes and enhancing operational efficiency. The availability of such a comprehensive and well-situated business center in this specific location is exceptionally rare, making this an unparalleled investment opportunity. The asking price is $2,935,000. This property is ideal for a variety of industrial businesses seeking a combination of prime location, ample space, and convenient features.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Construction
STEEL FRAME
Total area
9,922 SF
Lot
2.9 ac (126,324 SF)
Zoning code
C-1
APN
31-3N-23-0000-0002-0050
UPID
US18-3558260
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$772k
Blend (final)
Blend
$940k
Owner & transaction history
since 2003
5 recorded transactions
Zoning & alternative use
C-1 · Crestview, FL
Top alternative use upside
Neighborhood: shopping center
$1.6M
+38.0%
Auto repair, garage
$1.5M
+35.9%
Retail stores
$1.3M
+11.3%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$940k
Value range
$846k – $1.03M
±10% around blend
Estimated value / SF
$95 / SF
Confidence
None
1 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
10
$846k
blend $940k
$1.03M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,922 SF
Lot area
2.9 ac
Year built
2005
Stories
1
APN
31-3N-23-0000-0002-0050
Assessed value
$1,517,805
Annual tax
$24,555
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.04M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.13M
@ 6.5% CAP return
$1.04M
@ 7% CAP return
$965k
4
Sales comparison
Partial preview
Sales approach indication
$772k
Weighted, 0 comps · none confidence
Evidence
1 found
County-verified recorded sales
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$940k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 19 sales
$113
-16%
County 79 sales
$112
-16%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $95/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+38%
vs current-use indication
Auto Repair, Garage
Retail Stores
Warehouse, Storage · current use
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 1 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.52M
Move the market yield to see immediate price impact.
Value / SF
$153
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$96k
$1.91M
$1.37M
$1.06M
$106k
$2.12M
$1.52M
$1.18M
$117k
$2.34M
$1.67M
$1.30M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
1 found
None confidence · county-verified
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,555
Tax year 2023
Assessed value
$1,517,805
Assessed 2023
Previous assessed
$1,438,375
+5.5% YoY
Effective rate
1.62%
On assessed value
Assessed land
$71,571
Assessed improvement
$1,446,234
Land market value
$71,571
Improvement market value
$1,446,234
Total market value
$1,517,805
Applied tax rate
3.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Units
5
Rooms
20
Total area
9,922 SF
Lot
2.9 ac (126,324 SF)
Zoning code
C-1
APN
31-3N-23-0000-0002-0050
UPID
US18-3558260
Jurisdiction
OKALOOSA
Zoning & alternative use
C-1 · Crestview, FLZoning C-1 · permitted uses
C-1 · Crestview, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
5
Rooms
20
Lot
2.9 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C-1
Jurisdiction
Crestview, FL
Recorded code
C-1
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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